If you haven't watched the YouTube series Soft White Underbelly by Mark Laita I encourage you to do so. 

You're right about on the job training, I learned that central AC/soft spots are more important then I thought and people don't like soft spots, whatever the reason!

Like people have stated, the market is soft and turnover is high.

few months, its delivery, permits, approvals, that take much longer3. see my video, search for it on YouTube.4. you'll still need to front expenses for a year if estimates on occupancy are low, you're responsible for vacant unit shares5. soft costs, foundation, plumbing, electrical HVAC, framing, parking surface, these are always your biggest line items.6.

Market was very soft in later part of 89 even in Palo Alto..

AKA....risky tenants for the KW gain.I am seeing softness in the STR market till season.

We studied probably 200 hours of new build stats in our market. soft markets, good markets, to design a floorplan. we found that the ideal sq ft is 1850 and 4 beds 3 bath 2 car garage.

Planning to send out a bunch of example underwritten deals from our actual target market and finalize enough soft commits of funds through investor meetings to conduct our first syndication

We had the JV agreement drafted through my attorney where I would fund everything - land acquisition, soft costs, hard costs and he would basically use his expertise and contractor network to run the construction from start to finish.  

Hi Sebastien and Catherine,I own a Property Management Firm that specializes in Vacation Rentals in the Mariposa and Yosemite (Oakhurst, Bass Lake, Fish Camp area).